Report: Technology Will Be Key for U.S. Chemical Industry

12:57 PM MDT | October 20, 2010 | Vincent Valk

The chemical industry in the U.S. is in a transformative period in which companies are shifting focus from expanding production and capacity to scientific and technical breakthroughs, according to a new report by consulting firm KPMG (Short Hills, NJ). The industry emerged from the downturn with cash-filled balance sheets and a newly invigorated culture of cost control, and is using that money for R&D and technology-driven deals, says Mike Shannon sector leader/chemicals at KPMG. The full report will be released tomorrow. "There is a lot more enthusiasm...